Business
American Lithium is Unaware of Any Material Change
American Lithium is Unaware of Any Material Change Canada NewsWire VANCOUVER, Se...
About this update from American Lithium Corp.
[{"type":"text","content":"\n\n\n\nAmerican Lithium is Unaware of Any Material Change\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Sept. 22, 2017\n\n\n\nVANCOUVER, Sept. 22, 2017 /CNW/ - American Lithium Corp. (TSXV: LI) (OTCQB: LIACF) (Frankfurt: 5LA; WKN: A2AHEL) (\"American Lithium\" or the \"Company\").  At the request of the Investment Industry Regulatory Organization of Canada, the Company confirms that its management is unaware of any material change in the operations of the Company which would account for the recent increase in market activity.\n\nAt present, the Company has a negative working capital position, and available cash reserves of less than $40,000.  While the Company is current in respect of holding costs for the Fish Lake Lithium project, it is unable to advance any exploration work until such time as the Company's financial condition is improved.  Management is actively looking for financing opportunities to bring the Company into a positive working capital position, and will provide additional information as it becomes available.\n\nAbout American Lithium Corp.\n\nAmerican Lithium is actively engaged in the acquisition, exploration and development of lithium deposits within mining-friendly jurisdictions throughout the Americas.  American Lithium holds options to acquire Nevada lithium brine claims totalling 22,332 acres (9,038 hectares), including 18,552 contiguous acres (7,508 hectares) in Fish Lake Valley, Esmeralda county and the 2,240-acre (907-hectare) San Emidio project in Washoe county.  The Company's Fish Lake Valley lithium brine properties are located approximately 38 kilometres from Albemarle's Silver Peak, the largest lithium operation in the United States.\n\nOn behalf of the Board,\n\nAmerican Lithium Corp.\n\nMichael Kobler, Chief Executive Officer\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.\n\nForward-looking statements\n\nStatements in this rel...